Well Established Breakfast, Lunch & Dinner Restaurant

VA

Well Established Breakfast, Lunch & Dinner Restaurant
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Asking Price: Get Financing: $249,000

Cash Flow: N/A

Gross Revenue: $350,000

EBITDA: N/A

FF&E: $50,000

Inventory: N/A

Lease Rate: $6,500 /Month

Established: 1993

Well Established Breakfast, Lunch & Dinner Restaurant

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Business Description

Location, Location, Location, this full-service restaurant is located on an exquisite busy corner in the heart of the major tourist section of Virginia Beach, VA. With over 13 million tourists coming to the area each year to visit the beaches, conventions, sporting events, and wonderful boardwalk, this restaurant is directly located across some major hotels. Opened in 1993, the owners have successfully operated this restaurant and are simply selling to retire. Serving breakfast, lunch, and dinner, they have provided many locals and tourists a great place to eat great food with affordable pricing. With new energy and new ideas, the new owner’s dream to be self-employed and to have a successful business can be fulfilled by obtaining this business. Owners consistently have been opened May through early October every year, but ready to pass this opportunity to a new owner/entrepreneur as they head towards retirement years. This restaurant allows some good time off to seek a hobby or to operate a winter business for the true entrepreneur. Call Gary Layne with Sunbelt Business Brokers at (757) 652-1225 or glayne@sunbeltnetwork.com.

Detailed Information

Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
5/31/2024
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2000 Square feet
Competition:
There is always competition in the restaurant arena, especially in a resort city. However, the same owner for over 25 years, do we need to say more?????
Support & Training:
Family members are willing to train for a short period of time.
Reason for Selling:
With a new owner, comes new energy, which leads to new ideas at a restaurant tha
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Gary Layne

Business Listed By:
Gary S. Layne

Sunbelt Business Brokers of Hampton Road

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Sponsoring Broker:
SUNBELT HRVA


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